kingworldnews.com / May 11, 2014
With a non-stop flow of propaganda from Western mainstream media outlets, today Michael Pento warned King World News that the world is headed for a massive crisis and panic. Pento also reveals exactly what is going to trigger this massive panic, and he also cautioned that it will feed on itself once it begins.
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With a non-stop flow of propaganda from Western mainstream media outlets, today Michael Pento warned King World News that the world is headed for a massive crisis and panic. Pento also reveals exactly what is going to trigger this massive panic, and he also cautioned that it will feed on itself once it begins.
It
is imperative to understand the dynamics between the U.S. dollar and
the Japanese Yen in order to grasp what is occurring across
international markets. Investors have been borrowing Yen at nearly zero
percent interest rates and buying higher-yielding assets located
worldwide. These market savvy institutions and individuals realize that
buying income producing assets, which are backed by a currency that is
gaining value against the Yen, is a win-win trade.
Because
of the policies embraced under the regime of Japanese Prime Minister
Shinzo Abe, the Japanese economy was subjected to significant currency
depreciation, government deficit spending and stagflation. When global
investors unanimously become assured that the economic “recovery plan”
of Japan would be based on massive debt accumulation and money printing,
the yen received a death sentence….
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